Despite shoppers’ election-year concerns and worries about the economy, retail executives predict sales to increase as much as 3.5 percent over last year’s holiday season.
Category: Macy’s Inc
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Macy’s Reports Lower Sales as Shoppers Cut Back
Department store chains have struggled as consumers, squeezed by budget constraints, spend less time and money at their stores.
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Myron E. Ullman III, Executive Who Remade Macy’s and J.C. Penney, Dies at 77
As a leader behind many of the world’s best-known brands, he exuded operational know-how. He also displayed a rare humility, which helped drive his success.
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To Avoid an Economic Recession, Consumer Spending Is Key
It has powered the economic recovery from the pandemic shock. Now wallets are thinner, and some businesses are feeling the difference.
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Macy’s Reports Another Drop in Sales
The largest department store chain in the United States has not reported an increase in comparable-store sales since early 2022.
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Will A.I. Boost Productivity? Companies Sure Hope So.
Economists doubt that artificial intelligence is already visible in productivity data. Big companies, however, talk often about adopting it to improve efficiency.
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Activist Investors Raise Bid for Macy’s
The new offer values the department store chain at $6.6 billion. Macy’s, which just announced a strategy to turn around its business, said it would “carefully review” the proposal.
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Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury
The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”
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Tony Spring, Macy’s New C.E.O., Faces Retail Puzzle
Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.
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Tony Spring, Macy’s New C.E.O., Faces Retail Puzzle
Tony Spring, a Bloomingdale’s veteran, assumes the top job as an investor group threatens to take a buyout bid to shareholders.
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Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.’
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Macy’s Plans to Cut 2,350 Jobs and Close 5 Stores
The layoffs, focused on corporate positions, will reduce the retailer’s work force by 3.5 percent as a new chief executive prepares to take the reins.